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HomeMy WebLinkAboutResolution No. R2026-07 RESOLUTION NO. R2026-07 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS, DENYING TEXAS-NEW MEXICO POWER COMPANY'S (TNMP'S) REQUESTED RATE CHANGE; REQUIRING REIMBURSEMENT OF CITIES' RATE CASE EXPENSES; REQUIRING NOTICE OF THIS RESOLUTION TO TNMP AND LEGAL COUNSEL FOR THE GULF COAST COALITION OF CITIES; AND PROVIDING FOR AN EFFECTIVE DATE. ****************************************************************************** WHEREAS, the City of Friendswood, Texas ("City") is an electric utility customer of Texas-New Mexico Power Company("TNMP"),and a regulatory authority with an interest in the rates and charges of TNMP; and WHEREAS, the City is a member of the Cities Served by Texas-New Mexico Power Company ("Cities"), a coalition of similarly situated cities served by TNMP that have joined together to efficiently and cost effectively review and respond to electric issues affecting rates charged in TNMP's service area; and WHEREAS, on or about November 14, 2025, TNMP filed with the City an application ("Application")to increase system-wide transmission and distribution rates by about$34 million. TNMP asks the City to approve a 6.4% increase in residential rates and an overall increase of 5.0%; and WHEREAS,Cities are coordinating their review of TNMP's Application and working with the designated attorneys and consultants to resolve issues in TNMP's filing; and WHEREAS, through review of the Application, Cities' consultants determined that TNMP's proposed rates are excessive;and WHEREAS, Cities' members and attorneys recommend that members deny the Application;NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDS WOOD, STATE OF TEXAS: Section 1. The facts and matters set forth in the preamble of this resolution are hereby found to be true and correct. Section 2. That the rates proposed by TNMP to be recovered through its electric rates charged to customers located within the City limits are hereby found to be unreasonable and shall be denied. Section 3. That TNMP shall continue to charge its existing rates to customers within the City. Section 4. That the City's reasonable rate case expenses shall be reimbursed in full by TNMP. Section 5. That a copy of this Resolution shall be sent to TNMP, care of Scott Seamster, Corporate Counsel, 577 N. Garden Ridge Boulevard, Lewisville, Texas 75067 and scott.seamster@txnmenergy.com and to Jamie Mauldin, at Lloyd Gosselink Rochelle & Townsend, P.C., 816 Congress Ave., Suite 1900, Austin, Texas 78701 and j mauldin@lglawfirm.com. Section 6. This resolution shall be effective immediately upon its passage and approval. INTRODUCED, READ AND PASSED by the affirmative vote of the City Council of the City of Friendswood on this the 2nd day of March, 2026. /,II MIKE F RE � • N, Mayor ATTEST: W oo; O� FRIEN% RAQ E RTINEZ, City Se ry V y 6,,Ani. a * / 7� cs a APPROVED AS TO FORM: ,91 OF Ceiti(9/Y‘f2,0 KAREN L. HORNER, City Attorney I1:\City Council\Resolutions12026\03-02-20261Resolution-Denying TNMP Electric Rate Increase.docx 2